Indemnity
noun
Money that is paid back or compensation given for loss, damage, or injury.
An insurance company provides an indemnity to the policy holders against specific losses.
Often appears as...
- claim indemnity
- receive indemnity
Usage tips
Formal
noun
A legal exemption from the damages or liabilities suffered as a result of one's actions.
The company has an indemnity clause in the contract to protect itself from future law suits.
Often appears as...
- legal indemnity
- indemnity clause
Usage tips
Formal
Technical
noun
Money that is paid back or compensation given for loss, damage, or injury.
An insurance company provides an indemnity to the policy holders against specific losses.
Often appears as...
- claim indemnity
- receive indemnity
Usage tips
Formal
noun
A legal exemption from the damages or liabilities suffered as a result of one's actions.
The company has an indemnity clause in the contract to protect itself from future law suits.
Often appears as...
- legal indemnity
- indemnity clause
Usage tips
Formal
Technical
Definition 1 of 2
Pro Tip 1/3Financial Protection
Indemnity often involves financial security against potential future losses or damages.
After the flood, the homeowners sought indemnity from their insurer.
Pro Tip 2/3Not Always Full
'Indemnity' doesn't guarantee full repayment but can be partial, based on the terms agreed.
The indemnity covered only 70% of the stolen goods' value.
Pro Tip 3/3Specific Agreements
The scope of indemnity is defined by the terms of the policy or agreement.
Her contract promised indemnity for any work-related travel expenses.
Pro Tip 1/3Financial Protection
Indemnity often involves financial security against potential future losses or damages.
After the flood, the homeowners sought indemnity from their insurer.
Pro Tip 2/3Not Always Full
'Indemnity' doesn't guarantee full repayment but can be partial, based on the terms agreed.
The indemnity covered only 70% of the stolen goods' value.
Pro Tip 3/3Specific Agreements
The scope of indemnity is defined by the terms of the policy or agreement.
Her contract promised indemnity for any work-related travel expenses.
Pro Tip 1/3Financial Protection
Indemnity often involves financial security against potential future losses or damages.
After the flood, the homeowners sought indemnity from their insurer.
Pro Tip 2/3Not Always Full
'Indemnity' doesn't guarantee full repayment but can be partial, based on the terms agreed.
The indemnity covered only 70% of the stolen goods' value.
Pro Tip 3/3Specific Agreements
The scope of indemnity is defined by the terms of the policy or agreement.
Her contract promised indemnity for any work-related travel expenses.
Compare with
compensationguaranteeinsuranceprotectionredressreimburserestitutionsecurity
Never forget "Indemnity"
Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!
WordUp Chrome Extension
As you browse the web instantly look up words you don’t know.
Get Chrome Extension